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UNEMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT
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- 2. NIK THAQIFAH BALQISBINTI NIK SUHARDI I24107463 NUR FARAH NATASYA BINTI AHMAD RIDZUAN I24107592 SITI AISYAH BINTI MOHD YUSOFF I23207119 ALYA BINTI ZULKIFLI I21305912 AYU SYAFIKA BINTI HASNIZAN I24107600 HAIFA HADIRAH BINTI ARIF GUSMAN I24107531 AYRAH NASHWA BINTI MOHD SUHAIMI I24107679 Learn More
- 3. UNEMPLOYMEMT Refers to individualswho are employable, actively seeking a job, but unable to find one. Includes those working but in jobs that are not suitable. Measured by the unemployment rate, which is the number of unemployed individuals divided by the total workforce. U N E M P L O Y M E N T U N E M P L O Y M E N T R A T E I 2 4 1 0 7 5 3 1
- 4. UNEMPLOYMEMT People who havenot searched for a job in the past four weeks but actively sought one in the last 12 months are categorized as "marginally attached to the labor force." Within this group, "discouraged workers" are those who have stopped job hunting altogether. Refers to individuals aged 16 and above who have worked in the past week, whether paid, unpaid, or self-employed. E M P L O Y M E N T C A T E G O R I E S O F U N E M P L O Y M E N T I 2 4 1 0 7 5 3 1
- 5. UNEMPLOYMENT Frictional unemployment Cyclical unemployment Nature:Short-term and voluntary. Cause: Individuals transitioning between jobs or entering the workforce. Significance: Reflects economic flexibility and workers seeking better opportunities. Nature: Tied to the business cycle. Cause: Economic downturns reducing demand for goods and services. Significance: Often addressed through fiscal or monetary policy to stimulate growth I 2 4 1 0 7 4 6 3
- 6. UNEMPLOYMENT Seasonal unemployment Nature: Periodicand predictable. Cause: Changes in labor demand linked to seasonal activities. Significance: Often managed through temporary employment strategies. Structural unemployment Nature: Long-term and systemic. Cause: Mismatches between workers’ skills and job requirements or technological displacement. Significance: Highlights the need for retraining programs and education reform. I 2 4 1 0 7 4 6 3
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- 8. FREEDOM HAVE MORE TIME frombeing tied to work and employer can decide what you do, when you do and when to stop rarely enough time to do anything that you want I 2 3 2 0 7 1 1 9
- 9. INNOVATION & ENTREPRENEURSHIP PERSONAL DEVELOPMENT playa pivotal role in shaping modern society have more time to focus on personal development I 2 3 2 0 7 1 1 9
- 10. Reduced consumer spendingDecreased revenue for businesses When people are unemployed, they spend less, which can lead to a recession or depression if left unaddressed. Unemployed people consume less, so businesses may sell fewer products and have lower revenue I 2 4 1 0 7 6 0 0
- 11. Reduced GDP Highergovernment payments Unemployed can lead to a reduced gross domestic product (GDP). The state and federal governments may have to pay more due to unemployment. I 2 4 1 0 7 6 0 0
- 12. Negative impact onbusiness Increased calls for protectionism Unemployed can have self- perpetuating negative impact on business. Unemployment can lead to increased calls for protectionism and immigration restrictions. I 2 4 1 0 7 6 0 0
- 13. UNEMPLOYMENT 1) Impact onIndividual 2) Impact on the Economy 3) Impact on Government 4) Social Impact 5) Impact on National Development I 2 1 3 0 5 9 1 2
- 14. CHALLENGES CHALLENGES UNEMPLOYMENT UNEMPLOYMENT 2) SOCIAL CHALLENGES Itcan increase rate of crime and social unrest and lead to the higher poverty levels also face social exclusion a limited financial resources restrict their participation in community activities and social events 1) PERSONAL CHALLENGES someone who willing to work but cannot find a job impact the individual’s mental health including stress , anxiety and a diminished sense of self worth I 2 4 1 0 7 5 9 2
- 15. 4) HEALTH ,FRIENDSHIPS AND FAMILY LIFE CHALLENGES They have less confidence about the future are more likely to turns to drugs and think that there is nothing to look forward to sense that their life has no direction . Some long- term unemployment youth reporting having suicidal thoughts CHALLENGES CHALLENGES UNEMPLOYMENT UNEMPLOYMENT 3) ECONOMY & SOCIETY CHALLENGES . Persistent unemployment can lead to higher poverty levels, social unrest, and even crime as people seek alternative means of survival I 2 4 1 0 7 5 9 2
- 16. & RECOMMENDATION Unemployment iscaused by factors like technology, globalization, and skill mismatches, leading to issues such as lower incomes and crime, and can be addressed through government, business, and education reforms. Goverment policies Educational reforms Business innovation Governments should create policies that encourage job creation, support key industries, and make it easier for businesses to hire workers. Education and skills development can reduce unemployment by matching training with job market needs and encouraging ongoing learning. Businesses can help reduce unemployment by training employees, improving skills, and working with schools to ensure graduates are ready for jobs. I 2 4 1 0 7 6 7 9
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